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12 Nov 2008 20:42
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Respected Anne on,

Its a nice question. Its the right question to ask now. Whether to buy now or not. From what all the chart suggests is that every corrective rally is used to sell. We see rallies as not reversal signs as of now and I dont think any reversal sign for now can be taken to be as one unless the market or the script forms a fair consolidation and then starts trending. Also that the general index nifty is also very unhealthy .... in this case I suggest to totally desist in investing in the market..whatever be the script or temptation.

If you want to make profit from Investment ....follow the general trend and dont get trapped in corrections .

I suggest not to enter still the market gets orderly...which is most likely to take a real real real long long time....

But after that u must pump great deal of money.

Truecharts...
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01 Nov 2008 20:12
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Hi marketman,

Despite all the fundamentals being so so bearish( which I totally agree) my charts suggest that Infy as of now is not as gravely bearish as you suggest rather its shows itself as a strong counter and I feel there is a fair chance of 10% upsisde from now...If one were to be so so bearish despite charts inference of bullishness...I would suggest people to buy infy on oversold levels...very very strong recommendation...

Truecharts...
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Of what worth is Fundamental Analysts any more ?????? Can boarders share the names of those popular fundamental and technical analysts who were greatly bullish after the market topped at 6280 Nifty.

While its not a big fault for a technical analyst to go bullish (with adequate stop losses) on a bullish market Fundamental analyst are expected not to taje the markets direction,for it takes that direction, instead they should have cautioned people to exit.

Where are the Fundamental Analysts...I want to see their dirty faces...who costed fortunes for their beleivers...

Truecharts...
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Price 73.95 73.95
Change 5.72% 5.72%
Vol. 7085326 13155076